Business

Business

Johnson & Johnson loses appeal on validity of Remicade patent

(c) 2018, Bloomberg. Johnson & Johnson’s patent on its top-selling arthritis drug Remicade is invalid, a U.S. appeals court ruled Tuesday in a defeat to the drugmaker that just last week lost a patent on another blockbuster medicine. The antibodies covered by this patent were already disclosed in...


Business

More truckers are saying they're running out of capacity

Special To The Washington Post. Should we be concerned? Truckers seem to be running out of room. That seems to be the takeaway from this year’s State of the North American Supply Chain study from transportation company Averitt Express. The report, which polled 1,600 shippers in late 2017, found...


Business

Welcome to the new reality of leaping U.S. Treasury debt sales

(c) 2018, Bloomberg. The world’s biggest bond market is about to get a taste of the future, with the U.S. Treasury expected to unveil bigger note sales for the first time since 2009 to fund deficits that are likely to deteriorate for years to come. Treasury Secretary Steven Mnuchin’s debt-...


Business

Facebook will 'do better' to stem abuse, Sandberg vows

(c) 2018, Bloomberg. Facebook promised “to do better” to boost privacy, stem the spread of hate speech and clamp down on the abuse of the social network to influence votes, Chief Operating Officer Sheryl Sandberg told a Brussels audience, including a European Union commissioner. “We know that tech...


Business

Uber to be profitable within 3 years, CEO says

(c) 2018, Bloomberg. Uber Technologies, whose losses have piled up in the quest for growth around the world, will be profitable within three years, said Chief Executive Officer Dara Khosrowshahi. Bending the company’s financial trajectory out of the red would be a dramatic shift for the global ride-...


Business

After brief delay, Apple HomePod to go on sale Friday

(c) 2018, Bloomberg. Apple said its HomePod smart speaker will be available for sale online Friday and hit stores on Feb. 9, after being delayed from December. The $349, Siri-controlled device was originally announced last June and marks the iPhone maker’s first foray into smart-home hardware. The...


Business

Davos displays weakness of western leaders in a polarized world

(c) 2018, Bloomberg. It’s been a decade since western bankers commanded the deference in Davos they enjoyed before the financial crisis. That blight appears to be spreading to politicians. The so-called masters of the universe headed to this year’s annual gathering of the global elite are looking...


Business

Tesco, Sainsbury cut thousands of jobs as British retail costs rise

(c) 2018, Bloomberg. Tesco and J Sainsbury, Britain’s biggest grocers, are cutting thousands of jobs as intense competition and wage increases heap more pressure on Britain’s beleaguered retailers. Sainsbury is cutting management positions across its convenience stores and supermarkets, the London-...


Business

Facebook should run like your cable company, Rupert Murdoch says. How would that even

(c) 2018, The Washington Post. As Facebook seeks to weather a storm of criticism over its handling of news and politics, one of the world’s biggest media titans argued Monday that the social network could restore people’s faith in the platform by taking a lesson or two from the cable industry....


Business

JPMorgan Chase is raising wages as part of a $20 billion investment in U.S. business

(c) 2018, The Washington Post. JPMorgan Chase said Tuesday that it will make a $20 billion, five-year investment in its U.S. business, including raising some wages and opening new branches, after massive changes to the corporate tax code that are expected to save the bank $4 billion this year. The...


‹ Newer Older ›
×